Grads1st Review


Grads1st understands the problems in America with student debt. To date, the numbers reflect an outstanding student debt of more than 1.3 million dollars within the U.S., which easily exceeds the debt from credit cards, and only runs second to the amount of home mortgage debt.

Anyone who wants to apply for these programs must do so via the Dept. of Education. That’s where they can find which programs they can qualify for and which ones suit their needs the best. They have to prepare their application with the necessary information and then submit it. After they consolidate their loans they’re place into one of the repayment plans they must qualify for. These programs are primarily based on family size and income.

Grads1st steps up to the plate whenever an applicant defaults on their loan and their wages are being garnished. That’s when we take immediate action and contact whatever collection agency is handling the case. We put an immediate halt to the wage garnishment. Then we work tirelessly at putting together an affordable rehabilitation plan so our client can return to a current status with a brand new repayment schedule that they’re able to afford. We don’t only stop their wages from being garnished, but help them to rebuild/restore their credit scores as well.

Our experts help to prepare and submit our client’s application for consolidation, ensuring they get enrolled in the best possible program for their specific situation. We find the program that saves them the most cash and see to it that all necessary supplemental information is included in the application. We never see our job as finished until our client is on a brand new repayment plan and gets their plan approved.

The options for repayment plans are numerous. They are all primarily based on loan type, loan status, family size, and financial situation. We help our clients to locate the very best program for their specific needs.

We also assess the eligibility of every client for getting them into one of the various forgiveness programs. A few examples of these programs would be –

Total Permanent Disability Loan Forgiveness Teacher Loan Forgiveness Public Service Loan Forgiveness

and many others. The payments cap off at about 10% of discretionary income, having a term of around 240 months. Remaining balances are forgiven when the term ends.

Other programs exist where the payment cap is 15% of discretionary income and the max term is for 300 months. Again, the remaining balance is forgiven when the term ends.

The payments start off low and then increase every two years. This type of repayment plan is for those who are expecting their income to increase steadily over time.

There is another program where the cap is at 20% on discretionary income and the term is for 300 months. The balance remaining is forgiven at the end of the term. This one is similar to the above ‘graduated repayment’ plan but the term gets extended out to 300 months.

Student Debt Burden

Most people burdened with student loan debt feel like they have the weight of the world on their shoulders. They don’t see any way to ever get out from under it. Even bankruptcy won’t wipe out student loan debt. Sadly, most student loan services are not giving the public the information they need about government-backed programs being available to help. Because there’s no awareness of these programs, many people are burdened down unnecessarily.

With Grads1st you can know what programs you can qualify for in a matter of about 15 minutes. After you sign up with us it only takes between 30 to 60 days for your application to be processed. We are proud of our turnaround time which sits at 30% (faster even than the national average).

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